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on middle income families, i will lower taxes on middle income families. i saw a study that came out today that said if you were going to raise taxes. >> the voters are having watch parties across the country many in the chicago area debate number one is always a big deal. voters are checking things out tonight. >> there are probably thousands of these viewing parties across the country, some of them here in chicago, one of them in swarthmore and it was hosted by patch and you have republicans and democrats and undecided voters and i have each to get their opinions and thoughts on how things went tonight let's start with the undecided voter from all would the big question of the night tonight is was there a clear winner? >> no, i thought it was a draw, i was pleased it was more civil than i thought it would be so for me the domestic policy is big and foreign policy is going to decide it. i'm waiting for foreign policy. >> let's move on to an obama supporter in when i spoke with you midway through the debate you said to me, i think romney is doing a little
on middle income families, i will lower taxes on middle income families. i saw a study that came out today that said if you were going to raise taxes. >> the voters are having watch parties across the country many in the chicago area debate number one is always a big deal. voters are checking things out tonight. >> there are probably thousands of these viewing parties across the country, some of them here in chicago, one of them in swarthmore and it was hosted by patch and you have...
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>> why is it that if you take advantage of a tax break and you're a corporation you're a smart business man, but if you take advantage of something that you need to not be hungry you're a moocher? what kind of business is in a? >> they also sparred over health care. >> the free market has failed us in this instance. >> you can have government regulation of it. just don't have them run it! >> reporter: one rare point of agreement, iraq. >> should not have gone to iraq. afghanistan we had to. >> bill o'real, we should not have gone into iraq. >> reporter: outside and online there was anger not over what was being said but over the snail's pace of the live stream. after paying 4.95 thousands moved to facebook to complain. >> thank you for coming out to see us. >> reporter: after the debate o'riley and stewart apologized for the technical glitches and offered refunds and then in a show of surprising and unprecedented restraint no victory dance around the ring. >> i don't think you can look at these things, you know, of this idea it's a match and there's a winner and the winner takes all. >>
>> why is it that if you take advantage of a tax break and you're a corporation you're a smart business man, but if you take advantage of something that you need to not be hungry you're a moocher? what kind of business is in a? >> they also sparred over health care. >> the free market has failed us in this instance. >> you can have government regulation of it. just don't have them run it! >> reporter: one rare point of agreement, iraq. >> should not have gone...
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Oct 3, 2012
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that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multimillionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this economy in a way that's meant to last, with a strong middle class at its core. the last thing we should do is go back to the policies that crashed the economy in the first place. >> all right. >> that's what mitt romney and paul ryan are promising to do. >> stephanie cutter, we're out of time for the moment. thank you for your time this morning. >> thank you, savannah. >> watch tonight's debate live starting at 9:00 eastern, 6:00 pacific time right here on nbc. at 18 minutes past the hour, here's david. >>> a big trial in italy capturing global
that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multimillionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this...
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vo: why won't romney level with us about his tax plan, which gives the wealth y hu new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> live and in hd, this is an abc 7 news update. good morning at 7:26 on this friday, october 5. water service is returning to in prince george's county. along allentown road in camp springs, the lost pressure overnight. repaired and water is returning to normal. wssc says the water is perfectly safe to drink. president obama campaigns of mason in fairfax today romney will speak to abingson.in let's find out what is happening on the roads. good morning, the friday drive is pretty good. there is an accident on northbound 95 before dumfries. we will see off and on delays y on i-395 .t wa in chantilly, eastbound 50 at stringfellow has an accident and delays of 66 and no trouble getting through glebe road. we have not seen the big in the sky for a while. we're starting out a little this morning, 56 in fairfax an
vo: why won't romney level with us about his tax plan, which gives the wealth y hu new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> live and in hd, this is an abc 7 news update. good morning at 7:26 on this friday, october 5. water service is returning to in prince george's county. along allentown road in camp springs, the lost pressure...
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they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the united states, when it comes to pensions. we have in california now for instance $400 billion of unfunded liability, this is something that was done by the legislature, not by the people, so there is a huge amount of money that is being going out, and now it is not available for programs for the people, just because it is for retired people and kind of like you are living in the past, you are taking care of things in the past rather than look to looking to the future and building schools and roads and universities and less study -- >> jon: i keep coming back to this idea, if only somebody could come back from the future
they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the...
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Oct 1, 2012
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the concept of automatically register in every one just as everyone we have to serve on a jury or pay taxes, very comfortable with that. one reason i'm incredibly comfortable with that is that in the 2018 election by think it was, 70 million people didn't vote and 80% of those people were unregistered seÓul registration is one of the biggest barriers to voting. also when we talk about things like purging people from voting rooms and about the provision about what's not being counted and people not being on the rule, a lot of that is directly related to the registration problem. so very comfortable with a voter registration. in terms of the mandatory voting its its local question and i think other countries do have mandatory voting just like the jury service or some people have to serve in the military in the compulsory service. one problem with it is i think we have a culture of liberty here in this country. so if we have mandatory voting i certainly think we would want to have a none of the above option so that people could exercise it. politically though we don't know if it is realistic.
the concept of automatically register in every one just as everyone we have to serve on a jury or pay taxes, very comfortable with that. one reason i'm incredibly comfortable with that is that in the 2018 election by think it was, 70 million people didn't vote and 80% of those people were unregistered seÓul registration is one of the biggest barriers to voting. also when we talk about things like purging people from voting rooms and about the provision about what's not being counted and people...
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Oct 6, 2012
10/12
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is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. and see themselves as victims. a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks ago he said the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc headquarters today here in our studios, by the way, the markets reacted in a big way today as job news, stocks closed at the highest level today in nearly five years, as you sue, know, all too well. what does it mean? >> i think it was a good report in one sense in that the economy is continuing to add jobs, but it was not a great report. we need to continue to see better numbers than this. 150 or 200,000 new jobs created for the next few months to get us back to levels of much better employment. it is a start, but not a great report. it is a start but not a good report. >> as we saw in andrea's set-up piece, the combination of the
is trying to neutralize the attack, over his comments regarding 47% of americans not paying income tax. and see themselves as victims. a view he now disavows. >> sometimes you say something completely wrong. >> reporter: only three weeks ago he said the comments were not elegantly stated. now he disavows the comments, perhaps in time for the debate when president obama is expected to be ready for attack. >> thank you. >>> sue herrera has visited us from cnbc...
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ohio senator robb portman vice- presidentvice president joe biden goofed up talking about taxes on the middle class. >> the middle class has been buried for the last four years. >> buried, we agree that means we need to stop digging by electing romney the next president of the united states. the republican ticket quick to adopt ryan's slogan. a suburban cop is in and the royal treatment in england and other european countries today they say he helped him win the ryder cup. we are in the car and i let him know don't worry about it i will get you there on time. pat roland's was the man behind the wheel and today he is being held a hero in europe. profiled on the bbc even in european news anchors credited with giving mcelroy to the final cut on the final day. he was staying here at the hotel in lumbar with all of the other players from team europe and usa but unlike the other players he had gotten his schedules mixed up on sunday, just minutes before his start time at my dinaedinah he wasn't there. i started to panic. , he was safe but very late, that's when this american cop show that ev
ohio senator robb portman vice- presidentvice president joe biden goofed up talking about taxes on the middle class. >> the middle class has been buried for the last four years. >> buried, we agree that means we need to stop digging by electing romney the next president of the united states. the republican ticket quick to adopt ryan's slogan. a suburban cop is in and the royal treatment in england and other european countries today they say he helped him win the ryder cup. we are in...
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the city is considering a one cent per ounce tax on sugary drinks. >>> next, 10 months after a domestic violence incident, suspended sheriff ross mirkarimi could learn his fate today. >>> fitness and fuel efficiency. the new connection between your weight and how much gas you pump into yo
the city is considering a one cent per ounce tax on sugary drinks. >>> next, 10 months after a domestic violence incident, suspended sheriff ross mirkarimi could learn his fate today. >>> fitness and fuel efficiency. the new connection between your weight and how much gas you pump into yo
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Oct 7, 2012
10/12
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a 5 trillion dollar tax cut. if you believe that we can cut taxes by 5 trillion dollars, you don't come close to paying for 5 trillion dollars in tax cuts and two trillion in additional military speck. >> let me repeat what i said. i'm not in favor of a 5 trillion dollar tax cut, that he not my plan, my plan is not to put-- >> and there's back checking what that means now. >> mitt romney is going to need to get very, very specific. people are tired of ambu get and he did talk about the deductions and more detail. he's going to need to be prepared with barack obama to come out with this stuff. independent voters are listening. generally independent voters do not like muscling from left to right and right to left. what they're interested in it is solutions. if president obama is going to pick on mitt romney he better well have some forward thinking and explain what he's going to do differently the next four years to make him wore thif of getting reelected. if they are the same policies that 114,000 jobs a month is
a 5 trillion dollar tax cut. if you believe that we can cut taxes by 5 trillion dollars, you don't come close to paying for 5 trillion dollars in tax cuts and two trillion in additional military speck. >> let me repeat what i said. i'm not in favor of a 5 trillion dollar tax cut, that he not my plan, my plan is not to put-- >> and there's back checking what that means now. >> mitt romney is going to need to get very, very specific. people are tired of ambu get and he did talk...
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one thing or another is that a tax increase or not? it is through the tax system. so, did you lie? he's going to say no, i did not lie. >> you say something, you call him out on it. here's the deal. romney's not going to try to bring it up in the debate. nor will president obama because the moment you do, you have opened the door for your opponent to actually you out. so, responsibility's going to rest on the debate moderator, who is not going to do it, but again, what people are saying is can i get somebody to tell me the truth? you can cross words all you want to, but there are some things called undeniable truth. so no matter how you want to dance around it, some things are very clear. >> there's also such a thing as throwi throwing things against the wall and that is what the obama campaign has been effective at doing and the romney campaign hasn't been. >> the romney campaign, they have been -- i can show you the proof. go to our website. again, you have campaigns -- >> check up on after the fact. >> my point, you said earlier -- i said absolutely. if you have that many eyebal
one thing or another is that a tax increase or not? it is through the tax system. so, did you lie? he's going to say no, i did not lie. >> you say something, you call him out on it. here's the deal. romney's not going to try to bring it up in the debate. nor will president obama because the moment you do, you have opened the door for your opponent to actually you out. so, responsibility's going to rest on the debate moderator, who is not going to do it, but again, what people are saying...
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his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but when he closes deductions he won't be anywhere near $5 trillion. that's our analysis. >> well with, okay, stipulated, it won't be near $5 trillion, but it's also not going to be the sum of $5 trillion in the loopholes that he's going to close. it is going to cost someone and it's going to cost the middle class. independent economists have taken a look at this. there aren't enough deductions for those at the top to account for the number of tax cuts that they get because of mitt romney's policies. you have to raise taxes on the middle class, as bill clinton says, it's simple math. >> they'll say, though, that you can do that.
his tax cut wouldn't be anywhere near that size. >> so you're disputing the size of the tax cut? or are you disputing also how he's going to pay for it? >> we're disputing the size. >> erin, he has campaigned on lowering tax cuts by 20% for everybody, including those in the top 1%. that was one of the main selling points in the republican primary. >> so you're saying if you lower them by 20% you get a $5 trillion tab, right? >> it's a $5 trillion tab. >> but...
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i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing court looks at it will find that the label does not rule the day. it is the effect, which is a levee, a charge, a charge on the taxpayers of california and they will pay it with a two-thirds majority vote. there has to a constitutionality and procedural constitutionality. >> if we allow this to lap in every town, can't they levee the fees all over the place if everything? >>lis: you go, taking it out of the public safety or public service which is where it belongs, you go to the public library, you get a book out, you are late on the book, you get a
i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing...
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if that i want to tax something, subsidize what you want and tax what you don't, maybe they should tax really dumb politicians. >> up next, polls turning in governor romney's favor, strongly, some mainstream media are having a fit, many are turning on the president. we will take that up with the a-team, which is next. liz macdonald. and other file there coming down christopher hahn, next. lou: joining us now the a-team, good to have you here. let's start with you, this market sole off today, it looks very weak, talking with lewis lehrman earlier, i did not hear a lilt in his face talking about future prospects. >> looks like a little cash taken off the table there, running to the sidelines a bit, wire in a recovery of downward gdp revision, any time you see market act skittish, you might say, am i too much invested in the market, should i pullback. lou: looking at this economy, jobless numbers last week, terrific for president obama. 7.8%. yet his numbers are plumb et ceteraing plummeting. >> me had a weak, weak, weak debate last week, and these numbers are catching up to him. the pres
if that i want to tax something, subsidize what you want and tax what you don't, maybe they should tax really dumb politicians. >> up next, polls turning in governor romney's favor, strongly, some mainstream media are having a fit, many are turning on the president. we will take that up with the a-team, which is next. liz macdonald. and other file there coming down christopher hahn, next. lou: joining us now the a-team, good to have you here. let's start with you, this market sole off...
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. >> nobody likes taxes, but let's not raise anybody's taxes, ok? the fact is, businesses in america are paying the second highest tax rate of anywhere in the world. our business tax rate for america is seventh -- is 35%. ireland, is 11%. where will they go where they can create jobs and do the best for their business? we need to encourage business. of all times in america, we need to cut taxes, encourage business, create jobs, not spread the wealth around. >> that debate took place on october 15, 2008. and a reminder that the 2012 debate -- the first 2012 debate takes place this wednesday. and you can watch on c-span, listen on c-span radio, or watch on line. coming up come on the nevada senate debate. the incumbent and his challenger held their first debate. it is courtesy of kmpb tv. it is one of the closest races in the country. it is an hour. >> could evening. we have the incumbent and challenger who will face off in an hour-long debate. i am mitch fox from vegas cbs and i will serve as moderator. here is the format. each candidate will give a
. >> nobody likes taxes, but let's not raise anybody's taxes, ok? the fact is, businesses in america are paying the second highest tax rate of anywhere in the world. our business tax rate for america is seventh -- is 35%. ireland, is 11%. where will they go where they can create jobs and do the best for their business? we need to encourage business. of all times in america, we need to cut taxes, encourage business, create jobs, not spread the wealth around. >> that debate took place...
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Oct 8, 2012
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who used tom's personal fo to buy new teeth and a new car, and stuck tom with the $57,000 bill. [tires squeal] now meet carl who works from the coffee shop and uses the free wi-fi. marie works from there too. she's an identity thief who used a small device to grab his wi-fi signal, then stole enough personal information to hijack and drain his bank accounts. every yemillions of americans learn all it may take to devastate your life is a little personal information in the wrong hands. this is identity theft and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protecti
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> aouncer: meet tom, a proud dad whose online friends all "like" the photos he's posting. oscar likes tom's photos, but he loves the access to tom's personal information. oscar's an identity thief who...
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Oct 4, 2012
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let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you interrupted me. >> here are the specifics. >> excuse me. >> let's talk the other big. >> no, no, let's not. let's let him respond to this specific on dodd-frank. >> some viewers also wondered why lehrer didn't challenge romney's attack on his own network, pbs. >> i'm going to stop the subsidy to pbs. i love big bird. actually like you, too, but i'm not going to keep on spending money to borrow money from china to pay for it. >> the web went wild for big bird. shame shame. mentions of big bird went up 800,000%. seriously, though. l lehrer with his criticized for not explaining dodd-frank and simpson bowles to the public. obama adviser s
let's stay on taxes. let's just stay on taxes for a moment. what is the difference? >> virtually everything he just said about my tax plan is inaccurate. >> all right. just for the record -- >> worry talking about -- >> just so everybody understands, we are way over our first 15 minutes. >> that's fine, isn't it? >> it's great. no problem. >> the last point i would make -- >> two minutes is up, sir. >> no, i had five seconds before you...
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romney repeatedly insisted he was not advocating a big tax cut. in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years romney has been campaigning on a tax cut that would cost around $5 trillion over ten years. romney said he would eliminate deductions and cut spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% of federal spending in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the dodd/frank bill and he repeatedly held up as a model his health care plan in massachusetts which has added center the individual mandate and on which obama care is based. romney's transformation did not happen overnight. the candidate has been reworking his stump speech. in a very smart analysis, npr pointed out romney has a five point stump speech. the first four points are actually identical to obama's stump speech. two, domestic energy, three,
romney repeatedly insisted he was not advocating a big tax cut. in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years romney has been campaigning on a tax cut that would cost around $5 trillion over ten years. romney said he would eliminate deductions and cut spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which...
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Oct 6, 2012
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he is right in saying that 47% of the country pays no income taxes. that's a fact. but conservetism means you talk hope. you talk about lifting people up so they can make it in america. they want to become taxpayers. that's where he was tonal deaf. >> but his response now is saying he was completely wrong which is different than what he said earlier which is like well, i stated it inelegantly. he's now using this blanket statement which allows people to interpret it as they will. >> i think what he is saying there is he was completely wrong to speak pejoratively of the 47% and he was completely wrong to do that. he is right about the basic economics of our country. >> okay. >> we have gotten to the point where the country is half paying no income taxes and getting the advantages of government. >> roland -- >> does that mean it's the right number, too high, too low, that's a good argument to get into. >> i'm utterly confused right now. i'm utterly confused because ari is trying to explain the original comment from mitt romney which i thought mitt romney was very clea
he is right in saying that 47% of the country pays no income taxes. that's a fact. but conservetism means you talk hope. you talk about lifting people up so they can make it in america. they want to become taxpayers. that's where he was tonal deaf. >> but his response now is saying he was completely wrong which is different than what he said earlier which is like well, i stated it inelegantly. he's now using this blanket statement which allows people to interpret it as they will. >>...
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Oct 9, 2012
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there are new taxes. as far as the pipeline, that is something the obama administration will revisit after the election. they cut off the decision, and that is something president obama said they would look at that again. host: john in north carolina tweets in, extend the mall, or repeal the mall. we cannot continue to always tax the other guy. here's a question from twitter. we will lobbyist be present during this sequence -- secret meeting. guest: it is a very good question can i do not know who is on tap today, but i do know that the gang has a lot of friends and allies and freelance members of the senate that come in and come out of meetings enjoying immense sum of these discussions. -- and joined in on some of these discussions. there have been meetings with stakeholders. i do not know if you would call them lobbyists, but business leaders, others that could provide input, and that is probably a good question to do some digging on, to see the role that lobbyists are playing because we know that tax l
there are new taxes. as far as the pipeline, that is something the obama administration will revisit after the election. they cut off the decision, and that is something president obama said they would look at that again. host: john in north carolina tweets in, extend the mall, or repeal the mall. we cannot continue to always tax the other guy. here's a question from twitter. we will lobbyist be present during this sequence -- secret meeting. guest: it is a very good question can i do not know...
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don't why he didn't come out immediately after the republican primary, maybe even take on some of the tax loopholes, he says name a couple of them to prove he's going to stay on the side of the middle class. to find his entire life and now he's playing catch up. i'm not sure he has enough time. >> he's got a challenging -- pew survey found 75% of votes said it's more difficult now to maintain a standard of living and a "usa today" gallup poll before the debate said 53% think president obama will do better for them than mitt romney at 32%. how does he overcome that? >> i think wednesday night hit the restart button. they are ready to go. about a month to talk about his plan and i think what you saw on wednesday night, it wasn't the 30 second spots being defined by barack obama. it was mitt romney speaking unfiltered to voters for 90 seconds. he was in their living rim and they liked what they heard. >> jamal, shoot tragt with me on this. if i'm a democrat, sitting around watching this, mitt romney connected wednesday night. it has got to make you little bit nervous to say this is a magic b
don't why he didn't come out immediately after the republican primary, maybe even take on some of the tax loopholes, he says name a couple of them to prove he's going to stay on the side of the middle class. to find his entire life and now he's playing catch up. i'm not sure he has enough time. >> he's got a challenging -- pew survey found 75% of votes said it's more difficult now to maintain a standard of living and a "usa today" gallup poll before the debate said 53% think...
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>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the problem. we have a $1 trillion annual deficit. carried interest would carry about one tenth of 1%. we should solve the deficit. >> it sounds like you say keep it. >> i'm saying look at everything but look at it in the context what it will kofl. our bigger is not carried interest it's the deficit and the $16 trillion of debt. that's a far greater problem. >> what would you do and what would you recommend whoever the next president do to solve the fiscal cliff crisis? >> first what i would recommend and again i was in government and i didn't solve all these problems so i'm not a person that
>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the...
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a woman who wanted to be i believe it was tax-free bequeathment of her assets, this would only apply to states that recognize same sex marriage. i'm flat out of time because we had breaking news with jerry sandusky. i could talk to you until the cows come home. thanks so much for talking to us again. good luck with the documentary. >> wonderful. see you next time. >> i hope so. i would like to be in one of your sermons one day. gene robinson joining us live from california. >>> the economy is starting to turn around. did you know that four-legged friends may have something to do with it? i kid you not. [ male announcer ] imagine facing the day with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teen
a woman who wanted to be i believe it was tax-free bequeathment of her assets, this would only apply to states that recognize same sex marriage. i'm flat out of time because we had breaking news with jerry sandusky. i could talk to you until the cows come home. thanks so much for talking to us again. good luck with the documentary. >> wonderful. see you next time. >> i hope so. i would like to be in one of your sermons one day. gene robinson joining us live from california....
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll back regulations on wall street banks or on insurance companies. we can't afford to
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you...
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romney smiled real pretty but still said nothing to clue us in on his specifics on tax plan or foreign policy. this from david. darn right, conservatives are itching to get to the polls, we can't take four more years of an ineffective presidency. not enthusiastic at all. i really don't care for either candidate what we need is a strong third or maybe fourth political party so we have a real choice. i will vote for obama because in spite of his failings, i think obama cares more about the middle class. facebook.com/carolcnn. thanks for your comments and thanks for watching my show today. i am karen costello. "cnn newsroom" continues with ashley banfield. >>> hello, everybody. here is how we begin. the story of the house is the romney doctrine, the world according to the republican nominee for the president of the united states. mitt romney is laying out his foreign policy platform in just about 20 minutes from now and we have the live cameras trained at the virginia military institute. will you hear him as he takes to the mic and possibly a global audience. you will hear it here on cnn
romney smiled real pretty but still said nothing to clue us in on his specifics on tax plan or foreign policy. this from david. darn right, conservatives are itching to get to the polls, we can't take four more years of an ineffective presidency. not enthusiastic at all. i really don't care for either candidate what we need is a strong third or maybe fourth political party so we have a real choice. i will vote for obama because in spite of his failings, i think obama cares more about the middle...
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ta >> for 18 months he's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to your own airplane and own house, but not the facts. >> i think it's safe to say the president got trounced. it was the ugliest night. >> the president is going to have to stand up and deliver. he still has a big lead in a couple of key states, but that lead will evaporate quickly. >> he has to step it up. before the debate, we had a new nbc news wall street marist poll. the president up eight points among likely voters in ohio but just two points in virginia and statistically tied in virginia. >> as the late great tim russert would say, it comes down to one state for the romney campaign -- ohio, ohio, ohio. >> now, afghanistan is always in our thoughts. but last week, there was a special incredibly disturbing milestone. the total number of u.s. military deaths in the war eclipsed the 2,000 mark. and tomorrow marks the 11th anniversary of the war in afghanistan.
ta >> for 18 months he's been running on this tax plan. now five months before the election he's saying his big, bold idea is never mind. >> mr. president obama, you're entitled to your own airplane and own house, but not the facts. >> i think it's safe to say the president got trounced. it was the ugliest night. >> the president is going to have to stand up and deliver. he still has a big lead in a couple of key states, but that lead will evaporate quickly. >> he...
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. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation you're a smart businessman. but if you take advantage of something that you need to not be hungry you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> reporter: there were moments you'll likely never see in the presidential debate. >> you just begrudged -- >> you've been begrudging all night. >> no. >> this is nothing but begrudging. >> reporter: there's hair advice for bridging the bipartisan divide in congress. one major snafu of the night, some viewers had difficulties streaming the debate live. there was so much demand it overloaded the servers. >> this whole idea is insanity. >> reporter: prompting tweets like this. your site is more broken than america. the rumble 2012 will soon bel toed by the refund 2012. at a press conference after the debate, bill o'reilly responded and said if fib wants their 4$ 9 $4.95 back they'
. >> reporter: to taxes. >> why is it that if you take advantage of a tax break and you're a corporation you're a smart businessman. but if you take advantage of something that you need to not be hungry you're a moocher. >> reporter: and even foreign policy. >> it appears that the american foreign policy has been to go into the middle east and try to buy friends. does that ever work? >> yeah, we can buy friends. >> reporter: there were moments you'll likely...
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because, frankly, my discussion about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> but last night, romney had a complete about face. now he is denouncing that remark all together. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. i absolutely believe, however, that my life has shown that i care about 100%. and that's been demonstrated throughout my life. and this whole campaign is about the 100%. when i become president, it will be about helping the 100%. >> cnn political editor paul steinhauser joins me now in washington. romney chose to clarify his remark on fox. no accident there perhaps. >> he was doing an interview there last night with his running mate, paul ryan. i think what you heard last night was the answer mitt romney would have given in the presidential debate wednesday night if he had been asked by president obam
because, frankly, my discussion about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> but last night, romney had a complete about face. now he is denouncing that remark all together. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessions, now and then you're going to say something that doesn't come out right. in this case i said something that's just completely wrong. i absolutely...
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i don't have a tax cut that's $4 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. i think we need more. don't believe me. speaker gingrich was pretty eloquent in running during the primaries and saying mitt romney will say absolutely anything to get elected. >> you know, the thing is again, robert gibbs is saying this five days late e, four days later. why didn't the president say that the night of the debate? and secondly, i don't know about you guys, but i'm thinking if it was my gut reaction and again, i was harshly critical of mitt romney and i'm a guy that worries first about debt and i always have. i heard mitt romney say i won't pass a tax cut that raises the deficit. sounds pretty much like the romney doctrine to me. that's what i took away from that debate. >> coming up, the mayor of chicago, rahm emanuel joins us. how chicago is going up against san antonio to see which city can get healthier, first. and up next, a new pbs documentary goes behind the scenes of the presidential campaigns for the person
i don't have a tax cut that's $4 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. i think we need more. don't believe me. speaker gingrich was pretty eloquent in running during the primaries and saying mitt romney will say absolutely anything to get elected. >> you know, the thing is again, robert gibbs is saying this five days late e, four days later. why didn't the president say that the night of the debate? and secondly, i don't...
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after a lump sum payout in taxes, they're almost $91 million richer overnight. >> is this heaven? >> it's iowa. >> reporter: iowa is earning a reputation of a field of dreams for powerball jackpots. $202 million this week. a $241 million jackpot in june, when 20 quaker oats workers hit it big in the office pool. the lohses don't know if they'll keep their day jobs. they want to spend the money wisely. >> we want to help out our community and our church. >> reporter: they plan on keeping their three children grounded. >> they're going to get a lot more dates. but -- that's important to the 15-year-old. you know, just stay grounded. and just don't change the way we've raised them. >> reporter: of course, the lohses did leave their press conference in a limousine. for "good morning america," john muller, abc news. >> staying grounded in a limousine. >> yeah, a 50-foot limo spells change. >>> we're going to go from one happy story to another. that good news from robin. she may be coming home from the hospital next week. >> yay. >> yay. >> fingers crossed. she posted a thankful thursda
after a lump sum payout in taxes, they're almost $91 million richer overnight. >> is this heaven? >> it's iowa. >> reporter: iowa is earning a reputation of a field of dreams for powerball jackpots. $202 million this week. a $241 million jackpot in june, when 20 quaker oats workers hit it big in the office pool. the lohses don't know if they'll keep their day jobs. they want to spend the money wisely. >> we want to help out our community and our church. >>...
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a temporary tax holiday end january 1st. according to the "times" there's little desire by republicans or democrats to extend it. some 160 million americans will see their taxes jump by $1,000. >> britain's "guardian" reports a russian court put off appeal by a russian punk band. three members were sentenced to two years in prison for performing a song in cathedral criticizing vladimir putin. >>> the "los angeles times" says governor jerry brown signed a new law on sunday allowing hundreds of young undocumented immigrants to have drivers license. they were eligible for work permits under new obama policy. >> the ft. worth star tellgram said texas had two minor earthquakes. the first was 3.4. the second was 3.1. there was no major damage but after shocks are expected for the next few days. >> "usa today" says good-bye to an american classic. the bench seat in cars. the chevrolet impala is the last car with bench seats as an option. >>> take a look at this video from a typhoon that hit japan over the weekend. this car that was
a temporary tax holiday end january 1st. according to the "times" there's little desire by republicans or democrats to extend it. some 160 million americans will see their taxes jump by $1,000. >> britain's "guardian" reports a russian court put off appeal by a russian punk band. three members were sentenced to two years in prison for performing a song in cathedral criticizing vladimir putin. >>> the "los angeles times" says governor jerry brown...
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for the united states, you got to deal with the fiscal cliff, the imf saying that combination of tax hikes and spending cuts could lock 4% of gdp growth in 2013. a message from our friends at the imf. back to you. >> also, i want to ask you about this story. "the wall street journal" reporting this morning, goldman sachsm turning their back on president obama. is this a trend an wall street this time around? >> this is a fascinating story. this is a real about turn. apparently two-thirds of -- or possibly three quarters even of goldman sachs employees were supporting financially president obama going into that campaign where he was initially elected. this time around, it appears that 70% are putting their money behind mitt romney. i think it's the continual presentation of attacks on bankers, on the financial sector, the blame being attached to them for the global financial crisis. i think people on wall street and in the city of london for that matter are frankly just had enough of hearing this, the blame game. they're putting their money where their mouth is. and that's mitt romney
for the united states, you got to deal with the fiscal cliff, the imf saying that combination of tax hikes and spending cuts could lock 4% of gdp growth in 2013. a message from our friends at the imf. back to you. >> also, i want to ask you about this story. "the wall street journal" reporting this morning, goldman sachsm turning their back on president obama. is this a trend an wall street this time around? >> this is a fascinating story. this is a real about turn....
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of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat cats and million fairs and billionaires, they're average work people and concerned about the environment. and national independent business owners a record number of people. a bad time to start a business and a bad time to hire people. and that's not going to inspire jobs in this country, which is exactly what we need right now. >> okay, cl
of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may...
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the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total population who don't pay federal income tax and don't work and may not be looking for work. we now have the numbers on this, so, i think that most important thing for him is to find a way to relate to more people in these debates and speak to more of them. this is not the republican primary anymore. >> is he principled, do you think? mitt romney? >> that's not the issue, to me. i think he will -- i think he's principled in the sense that he will keep the commitments that he has made. almost all people when they run for president
the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total...
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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. >> my tax plan has already lowered tax for 90 percent of families. >>it's back to the campaign trail today for the presidential candidates following their first debate. the democratic ticket may have some momentum to make up. early analysis shows governor mitt romney walked away from the first showdown with the upper hand. sandra endo is in denver, co this morning with a recap of the action and early analysis. >> hot-button domestic issues took center stage at the first presidential debate. including obamacare. >>if you repeal it seniors will pay 600 dollars more. >> start mandating to the providers across america. >> my number one principle will be no tax cut that adds to the deficit. >> is the reason he is keeping all of these plans to replace a secret because they're too good ? >> i am concerned that the path we're on has been unsuccessful. >> i definitely have an idea. >> the next presidential debate is on october 16th. the vice presidential candidates face off next week and kentucky. >> the president did it appear to be disengaged. he has been p
. >> my tax plan has already lowered tax for 90 percent of families. >>it's back to the campaign trail today for the presidential candidates following their first debate. the democratic ticket may have some momentum to make up. early analysis shows governor mitt romney walked away from the first showdown with the upper hand. sandra endo is in denver, co this morning with a recap of the action and early analysis. >> hot-button domestic issues took center stage at the first...
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naturally, hotels & taxes are not included in the contest. still to come, traders discuss how the election will affect your investments. that's later in traders unplugged. but first, the surpising truth behind what america's workforce really wants. bill moller has that next. o' rom their employer this'll startle you. a good boss, good pay and benefits? nope. none of that. the country's largest employee survey company, workplace dynamics, spent 5 years doing millions of interviews and exhaustive research on this very question. doug claffey is ceo of workplace dynamics. for a business to succeed and survive and for employees to be happy and enriched, what does the workplace need? > > it's got to be organizationally healthy. > > define that. it sounds like it's just a place where employees are inspired and motivated. > > it's really about a place where employees feel connected to the business. where they're executing well, which is about communication, about getting things done. but it's also about heading all in the same direction with great va
naturally, hotels & taxes are not included in the contest. still to come, traders discuss how the election will affect your investments. that's later in traders unplugged. but first, the surpising truth behind what america's workforce really wants. bill moller has that next. o' rom their employer this'll startle you. a good boss, good pay and benefits? nope. none of that. the country's largest employee survey company, workplace dynamics, spent 5 years doing millions of interviews and...
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let's handle taxes first of all. governor romney on the stump is insisting his 20% across the board reduction in tax rates would benefit and middle class and small business would give them very needed tax break, at the same time closing loopholes for wealthiest americans would assure they pay the same amount of taxes. the rally in fishersville, virginia, big rally, attended by thousands of people, he insisted president obama's plan to raise taxes on people more than $250,000 would be a job killer. here is what he said. >> he talk as about stimulus. talks about hiring more government workers. talks about the government making investments and of course he talks about raising taxes. vice president blurted out the truth today. they plan on raising taxes on the american people and that well kill jobs. we will not let that happen. we want to create jobs, not kill jobs in this country. [cheers and applause] >> reporter: governor romney also driving home the notion he is for 100% of americans. really trying to walk back from
let's handle taxes first of all. governor romney on the stump is insisting his 20% across the board reduction in tax rates would benefit and middle class and small business would give them very needed tax break, at the same time closing loopholes for wealthiest americans would assure they pay the same amount of taxes. the rally in fishersville, virginia, big rally, attended by thousands of people, he insisted president obama's plan to raise taxes on people more than $250,000 would be a job...
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a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and how much was accurate? with me is the associate editor of the financial weekly owned by the parent of this company. michael, romney says if you lower the tax rates what happens is, businesses have more money. businesses have more money they can hire more people and, guess what, everyone starts paying taxes and that is how you close the deficit. true? >>guest: it is true that is what he is saying. it is true that is the way a model would have it play out. the question and what assumptions go in that assertion by lowering rate and obviously on
a tax cut that ads to the deficit. that is part one. there is no economist that can say mitt romney tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> if you are lowering the rates the way you describe, governor, it is not possible to come up with enough deductions and loopholes that only affect high overincome individuals to avoid either raising the deficit or burdening the middle class. it is math. >>trace: which candidate had the upper hand and...
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taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign acknowledged that tax cut would not be nearly 5 trillion dollars, it's something that the president repeated in cleveland. >> we put two wars a two tax cuts on a credit card. we didn't pay for them. now, mr. romney wants another 5 trillion dollars in tax cuts that he can't pay for. we're not going to let that happen. we are not going to fall backward, not with so much at stake. >> reporter: governor romney answering in the ad wars, as well. a new ad featuring melanie mack that mara that voted for president obama back in 20
taxes. >> for instance, he is going to raise taxes. vice president blurted out the truth. they plan on raising taxes trillion. they have already raised them a trillion. that is increases on taxes on small business, among other things. that will mean less jobs. >> reporter: on the campaign trail in ohio, president obama appeared to have a lot of fire that he seemed to be lacking on tuesday night. and accusing romney at shocking dishonesty and even though the deputy campaign...
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rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very similar -- on my radio program. it is amazing because they spent millions of dollars to position mitt romney and create a narrative about mitt romney and a caricature of mitt romney. wants dirty air, dirty water and doesn't care about children with autism or down's synd scprom wants to throw granny over the cliff. romney rendered all of those millions of dollars wasted. there is a side by side and people saw for themselves, a very different person than a caricature that the democrats were painting of him. where does he go from here? h
rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very...
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obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do. and one regard... we want to let that trillion-dollar tax cut expire so the middle class doesn't have to bear the burden of aural of that money going to the super wealthy. that's not a tax rate -- that's called fairness, where i come from. >> greta: well, we are back with our political panel. sam, this will be edited as a yes we do, they will cut off the end on that one. >> you know, i imagine -- i would give anything to hear the conferrings after this happens between the vice-president and the president. i imagine it's a lot like with my ex-girlfriend, after a while, they are tired of hearing i'm sorry. it doesn't cut it anymore. look, it's going to be -- it is going to come up. the middle class is getting buried -- >> greta: see, i think that's the worst one, the buried one, don't you? >> mitt romney very subtly used the buried one. it was just perfect. he was talking about how bad the economy and was the middle class has taken it particularly heard hard, they have been burr buried.
obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do. and one regard... we want to let that trillion-dollar tax cut expire so the middle class doesn't have to bear the burden of aural of that money going to the super wealthy. that's not a tax rate -- that's called fairness, where i come from. >> greta: well, we are back with our political panel. sam, this will be edited as a yes we do, they will cut off the end on that one. >> you know, i imagine -- i...
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been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the chavez national monument that may help rally hispanic voters. new politico, george washington university battleground tracking poll of likely voters shows president may have an intensity problem. only 73% support him say they are extremely likely to vote compared to 86% who back romney. >> they know the race has tightened. >> bret: ed henry traveling with the president in california. ed thanks. >>> we are less than a month away from election day. much of the country is already taking part in early voting. we are taking our weekly look at how the electoral college map is shaping up. joining me again today are
been using a study by princeton economist harvey rosen to back up that romney's plan is paid for by tax cut on middle class but there was pushback from rosen saying he was misrepresented, saying increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral. >> he would be the first to say this is not a monument to one man. >> under backdrop in california today, the president held an official event designating the...
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and they ran over several segments talking about taxes, mitt romney's tax plan, $5 trillion tax breaks, mostly for the wealthy, the president kept saying over and over and mitt romney stopped him and said you're totally mischaracterizing my plan, that's not what i'm proposing at all. they also talked about medicare they talked about wall street reform, and whether or not that was done properly. but the strongest exchange was about health care and jobs, and as mitt romney put it, why the president spent so much time in the middle of a recession focusing on getting his health law passed. >> i just don't know how the president could have come into office facing 23 million people out of work, rising unemployment, an economic crisis at the kitchen table, and spend his energy and passion for two years fighting for obama care instead of fighting for jobs for the american people. >> we did work on this, alongside working on jobs, because this is part of making sure that middle class families are secure in this country. >> reporter: a couple of the big instant overnight polls that we've seen, u
and they ran over several segments talking about taxes, mitt romney's tax plan, $5 trillion tax breaks, mostly for the wealthy, the president kept saying over and over and mitt romney stopped him and said you're totally mischaracterizing my plan, that's not what i'm proposing at all. they also talked about medicare they talked about wall street reform, and whether or not that was done properly. but the strongest exchange was about health care and jobs, and as mitt romney put it, why the...
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. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard and too tough, then the media says he's angry, now he's an angry rich man. >> bob: come up with the numbers you talk about. obama has to defend numbers but so does romney. >> eric: what number does he have to defend? >> bob: how he will cut taxes and balance the budget? >> dana: he has a good answer. obama has a tougher time explaining how in 2008, he ran on one thing regarding taxes. in 2010 he changed his mind to protect his tail. then now his whole plan is against what he said in 2010, is worst thing to do for the country. >> bob: that debate has been out there and argued over and over for four
. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard...
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plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself sound more centrist. ali velshi is here to make sense of what we heard last night. >> right. >> the first question on the tax cut proposal. the president is saying he's flip flopping. is he proposing $5 trillion in tax cuts? >> so this is a tricky one. what mitt romney is saying is he wants to reduce taxes across the board in every category. wherever you are coming down 20%. if you don't figure out where you're going to make up the taxes from, if you take 20% less from everybody it's over 10 years a $4.9 trillion loss and overstating it a little bit but there's a study that's been done and
plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself...